The Old Bulls, Part 1: Kirk Kerkorian
Recent news about Kirk Kerkorian maintaining his offer to bolster Ford Motor Corporation (F) gave us an idea. Why not write a series on some of the old bulls of Wall Street and how investors can use their strategies for their own accounts. Warren Buffett, Carl Icahn, and George Soros come to mind. But...
Stall Speed
Today’s big news was a revision by the Commerce Department of its previously reported Gross Domestic Product figures. Originally the economy was said to have grown +0.6% in the first quarter. Now they say it grew +0.9%. This is important if you care whether or not the U.S. is in a recession, since...
Arabs, Dollars, & Gold
There are reports that Qatar and the United Arab Emirates are considering a plan to drop their currency’s peg to the U.S. dollar. This isn’t particularly surprising; the Fed’s low-rate policy is devaluing the dollar, and doing the same for other currencies that are tied to the dollar....
The Next Solar Stock — Google; aka — Your Alt-Energy Shooting Star
Yup, you heard it here first. Wait, we told you a month ago that GOOG really wasn’t a tech stock, but an advertising company. Today we are announcing GOOG as a solar play too! Buy Buy Buy; solar, tech, advertising, even hydro electricity — I kid you not – GOOG can be a top name in every...
Oil: Facts and Figures
Boone Pickens is getting lots of headlines. He tells us high oil prices are here to stay. He says that it is simply a world with demand of 87mm barrels of oil per day with supply of 85mm. He instructs us to not think about it any other way. Fine.Did you know that after Saudi Arabia and Canada, our third...
Pick of the Week: AMSC
Sometimes you have to step back from the headlines. You may have seen Crude Oil close at $133.17 today. These prices indicate distressed drivers will be shelling out even more cash at the pump this summer. Let’s move beyond these astronomic prices for a moment and think about what this means for...
Paying by Touch
The U.S. dollar may soon shrink a little more. This time, we mean it literally. A federal appeals court ruled today that the U.S. Treasury must modify the paper money it issues so that blind people can distinguish between the various denominations. Depending on strangers to give them the correct change...
Dow Transports – A Price Weighted Index
IYT (iShares Dow Jones Transportation Average ETF) has been on a tear lately and we’ve been closely monitoring it. However, what we don’t like about this average is its price weighting methodology. Price weighting does not give an accurate representation of how the underlying securities are...
Black Gold – Texas Tea
I congratulate everyone who predicted crude oil futures contracts would make it to $125/barrel. Today, NYMEX traders once again bid up the price of crude to stratospheric levels. After the bell, oil settled at $126.29/barrel. Perma-bear prognosticators predicting $100 were laughed off the sets at CNBC...
Don’t Get Caught in the Weeds!
We’ve been catching a ton of love for our call on Yahoo last week. We’ll take it when we can get it, as we all know the market seeks to humiliate as many people as possible for as long as possible. Sometimes we get lucky, and we’ll stay humble. In fact, today we were featured over at...
